Carbon Pulse

Faced with a plethora of negative catalysts, California’s Low Carbon Fuel Standard (LCFS) credit prices appeared to consolidate as they approached early June lows this week, while some buyers remain.

The European Council agreed on Friday to officially adopt a regulation mandating a voluntary reduction of gas consumption by 15% by Mar. 2023, including the possibility to back a so-called ‘Union alert’ where the target would become mandatory.

US Senator Kyrsten Sinema (D) is considered the final piece to the puzzle of passing a sweeping climate change, healthcare, and tax reform bill called the Inflation Reduction Act (IRA), and she's signed on to vote in favour.

Climate-conscious passengers may have to pay almost double for their trips to take advantage of Lufthansa Group’s new 'green fare' for carbon neutral flying.

Companies active in the energy, heavy industry, and aviation sectors tend to pay below-average for their carbon offsets, according to retirement data collated by a climate analytics firm, while car manufacturers, and tech firms have historically purchased credits at a higher price than most others.

China’s environment ministry has rejected complaints by one of the four verifiers that were named and shamed earlier this year for ETS data falsification, that the government had exaggerated its claims.

China on Friday said it would cancel or suspend a number of bilateral processes with the US in response to Speaker of the House Nancy Pelosi’s visit to Taiwan this week, including the two nations’ cooperation on climate change issues.

EUAs moved up on thin liquidity despite a weak German sale, as the annual August auction supply cut continues to support the market, with relative stability on gas and power prices also offering some strength.

India’s carbon market framework is likely to be rolled out over three phases, with the government leveraging its experience with existing schemes to develop voluntary markets in the first two, ultimately progressing to a fully-fledged compulsory scheme in the third, according to a research note from an Indian securities firm.

Wildfires in the US have depleted at least 95% of California’s forest offset buffer pool in just one decade, a reserve mechanism used by the state’s forest carbon offsets programme, which is designed to protect against the risk of damage to forests from natural disasters for a period of 100 years, research has found.

Chinese carbon allowance prices dropped over the past week with evaporated trading volumes amid lukewarm interest, while the offset market posted relatively abundant liquidity during the period.

The Australian Labor Party government is all but certain to have its 43% emissions reduction cut by 2030 signed into law next month, now the work begins on one of its key policy measures to meet that target – the Safeguard Mechanism.

A daily summary of our news plus bite-sized updates from around the world.

The Canadian federal government has argued the carbon allowances Koch Industries purchased in the shuttered Ontario cap-and-trade system aren't protected investments under the North American Free Trade Agreement (NAFTA), legal documents released Tuesday revealed, marking the latest development in a years long dispute.

California Carbon Allowance (CCA) prices climbed on purchases believed to be generated from funds along with an uptick in broader market sentiment, while RGGI Allowances (RGAs) were relatively flat this week, as Pennsylvania’s future in the 11-state cap-and-trade programme remains mired in uncertainty.

A green group has sued Virginia's government to force it to release a document that the environmental organisation says contains an opinion from the state’s attorney general’s office indicating that Gov. Glenn Youngkin (R) cannot withdraw Virginia from RGGI.

Regulators' interest in the voluntary carbon market (VCM) has grown alongside its bloom, with the US Commodity Futures Trading Commission (CFTC) the latest US agency contemplating oversight through a variety of channels that stretch beyond derivative products.

The escalation of war in Europe and in other regions may hamper efforts to slash planet-warming gases, as newly beefed-up defence spending risks driving sectoral emissions to record highs.

A powerhouse is being created in the carbon market after Xpansiv, the leading platform for environmental markets, including the CBL platform for the voluntary carbon market (VCM), announced Thursday it is acquiring Evolution Markets, one of the largest brokerage firms.

A venture capital-backed Estonian start-up is launching a combined carbon and biodiversity token for blockchain buyers, saying traditional carbon credits might help the climate but not the biosphere.